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Confirmation of OTC Weather Index Put Option/Floor
Confirmation of OTC Weather Index Put Option/Floor
1This long-form Confirmation of an OTC Weather Index Put Option/Floor Transaction is intended to address Heating Degree Day, Critical Precipitation Day and Cooling Degree Day transactions and supplements and forms part of the ISDA Master Agreement. The Confirmation addresses disruption events that may occur in the collection of meteorological data and acknowledges multiple data providers of such data by offering 28 different Meteorological Offices in Definitions Appendix.
Form of CPD Weather Index Appendix, Form of CDD Weather Index Appendix and Form of HDD Weather Appendix